PENSION PLANS (Tables)

6 Months Ended

Jun. 30, 2015

Compensation And Retirement Disclosure [Abstract]

Net Periodic Benefit Gain

Net periodic benefit gain for our non-contributory qualified defined benefit pension plan and several of our non-qualified supplemental defined benefit pension plans (the “Domestic Plans”) and our J. Ray McDermott, S.A. Third Country National Employees Pension Plan (the “TCN Plan”) includes the following components:

	Domestic Plans
	Three months ended June 30,						Six months ended June 30,
	2015			2014			2015			2014
	(In thousands)
Interest cost	$	5,425		$	6,709		$	10,807		$	13,487
Expected return on plan assets		(6,677	)		(6,876	)		(13,354	)		(13,751	)
Recognized net actuarial loss and other		-			217			-			-
Net periodic (benefit) cost	$	(1,252	)	$	50		$	(2,547	)	$	(264	)
	TCN Plan
	Three months ended June 30,						Six months ended June 30,
	2015			2014			2015			2014
	(In thousands)
Interest cost	$	406		$	475		$	813		$	950
Expected return on plan assets		(710	)		(740	)		(1,420	)		(1,480	)
Net periodic benefit	$	(304	)	$	(265	)	$	(607	)	$	(530	)